Report
How Much Are People Willing to Pay to Reduce Carbon Emissions?
To combat climate change, the British government has thus far valued the cost of carbon emissions based on how much people should pay, rather than how much they are willing to pay, or the value they place on carbon emissions reduction. An analysis of a series of RAND Europe studies suggests there is an opportunity for a large consumer surplus — a social benefit — by introducing a carbon tax to pay for the damages caused by carbon emissions.
Feb 23, 2011
